John D. Carlson Jr. - Jun 1, 2021 Form 4 Insider Report for PENSKE AUTOMOTIVE GROUP, INC. (PAG)

Role: EVP & CFO
Signature: /s/ Shane M. Spradlin, by Power of Attorney
Stock symbol: PAG
Transactions as of: Jun 1, 2021
Transactions value $: -$1,311,357
Form type: 4
Date filed: 6/3/2021, 05:39 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAG	Common Stock (Restricted Shares)	Tax liability	-$1.31M	-15.1K	-34.72%	$86.96	28.4K	Jun 1, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares of the Issuer's common stock withheld for payment of taxes on shares of restricted stock that vested on June 1, 2021, including shares withheld for payment of taxes in connection with the accelerated vesting of Mr. Carlson's 29,022 shares of restricted stock which would have otherwise vested in years 2022-2025. Mr. Carlson tendered his resignation from the Company effective June 1, 2021 and in light of Mr. Carlson's 15 years of meritorious service, the Company agreed to the accelerated vesting of the shares of restricted stock which would have otherwise vested in years 2022-2025.

Content

Represents the number of shares of the Issuer's common stock withheld for payment of taxes on shares of restricted stock that vested on June 1, 2021, including shares withheld for payment of taxes in connection with the accelerated vesting of Mr. Carlson's 29,022 shares of restricted stock which would have otherwise vested in years 2022-2025. Mr. Carlson tendered his resignation from the Company effective June 1, 2021 and in light of Mr. Carlson's 15 years of meritorious service, the Company agreed to the accelerated vesting of the shares of restricted stock which would have otherwise vested in years 2022-2025.